Our Q2 roadmap started with a whiteboard and a marker. The team started shipping only after the frantic scribbling made the whiteboard almost illegible.
We spent the last quarter making @StuutAI better for the real-world parts of accounts receivable that never fit a generic process:
- the knowledge that lives in your team’s heads
- business units that run differently
- collectors taking PTO
- moments when customers need context from another internal dept
New features now live:
1/ Internal communication
2/ Out of office awareness
3/ Multi-business-unit support
4/ Cash application upgrades
They took my saddle in Houston
Broke my leg in Santa Fe
Lost my support tickets
Somewhere along the way
Questions still unanswered from #radiance26 ….. we’re here to make sure you’re truly supported with free TACOS 🌮 from @StuutAI
They have a conference. We have Salsa Limon. You tell us who wins.
Outside Texas Live tonight at 6:30 pm and tomorrow morning we'll be back with coffee. #radiance26
🚀 🚀 Big milestone: @StuutAI has raised a $29.5M Series A led by @a16z with participation from @ActivantCapital & @khoslaventures This fuels our mission to bring autonomous AR to the mid-market and enterprise.
As @CharlieFink at @Forbes captured so well, “Every business in the world needs to collect money and no one’s doing it efficiently,”. Those messy, industrial, sleeves-rolled-up businesses?
This problem is particularly acute for organizations with complex customer relationships and high transaction volumes. Traditional software has tried to help for years, but it all hits the same wall: it can't actually do the work—it just gives humans tools to do it themselves.
Customers are seeing:
1️⃣ 40% more revenue collected
2️⃣ 37% faster DSO
3️⃣ 70% reduction in manual tasksThis round accelerates product development and helps more companies stop losing revenue to manual AR. What would you do with 40% more cash flow and 70% less busywork?
Huge thanks to @CharlieFink at @Forbes for the coverage.
☢️ It was great joining @tbpn and discussing our $29.5M Series A led by @a16z with participation from @ActivantCapital & @khoslaventures ☢️
Our brand is a reflection of the best team around, @dayjobstudios & @rionharmon Instead of looking, feeling and sound the same like 99% of "AI" companies..(really just old software companies w. no automation) they helped us lead with what's important... our product and time to value for customers... 40% reduction in overdue 💰 💵
Thanks for having me in the temple @jordihays & @johncoogan !
I had a blast sitting down with @agarfinks at @FortuneMagazine to discuss @StuutAI extreme focus on helping our customers find immediate value in our product. Reducing overdue invoice balances by 40% in the first 6 months...
"Tarek Alaruri asked me: Have you ever seen the TV show Dirty Jobs?
I absolutely have, but if you haven’t—it’s a rollicking reality TV jaunt through some of the messiest jobs out there. There are rattlesnake catchers, sure, but there are also a deluge of examples of industrial jobs like pipefitting, car crushing, and concrete chipping.
“Those are our customers,” Alaruri says proudly."